Solvent Recycling Market Report and Forecast 2025-2034

The global solvent recycling market size reached a value of approximately USD 863.73 Million in 2024. The market is expected to grow at a CAGR of 5.00% between 2025 and 2034, reaching a value of USD 1.40 billion by 2034.

Key Trends in the Market

Solvent recycling is a waste reduction method which recovers and reuses solvents that have been processed, converting the solvents into a pure form to create new products or solutions. This process can be used for various products such as polyethylene, polyethylene terephthalate, and polypropylene.

• Rising concern of the people towards sustainability is increasing the demand for solvent recycling process as it reduces the cost of fresh solvents, carbon footprints, pollution, and also helps save both time and money.
• Governments of various countries are issuing strict regulations and policies on waste management in order to promote circular economy. This is enhancing the adoption of recycling processes and further contributing to the solvent recycling market growth.
• Advancements and developments in solvent recycling technology is helping industries obtain higher solvent recovery yield and reducing waste volumes, supporting the growth of the market for solvent recycling.

Global Solvent Recycling Market Segmetation

Solvent Recycling Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments

Market Breakup by Product

• Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene

Market Breakup by Application

• Building and Construction
• Packaging
• Electrical and Electronics
• Textiles
• Automotive
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Solvent Recycling Market Share by Application

Building and construction applications are expected to account for a sizable share of the market for solvent recycling owing to the rising use of solvents in adhesives, paints, and coatings. Solvent recycling is also used with the sealants to improve the overall properties of sealants and make its application easier. Rising disposable income and growing urbanisation has resulted in an increased demand for building and construction which has also increasing the cleaning and degreasing activities where solvents are widely used.

Global Solvent Recycling Market Share by Region

Asia Pacific is anticipated to hold a significant share of the market for solvent recycling, supported by rapid industrialisation and presence of a large number of end use industries such as building and construction, automotive, and textiles, among others. Stringent regulations issued by the government of various countries regarding the protection of the environment are increasing the demand for solvent recycling. A strong manufacturing base in the region also generates high volumes of solvents, which benefit from solvent recycling processes.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solvent recycling market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Solvay S.A.

Solvay S.A. was founded in 1863 and is headquartered in Brussels, Belgium. A chemicals company, Solvay is known for manufacturing materials such as specialty polymers, chemical materials, and essential chemicals, among others.

Sulzer Ltd.

Sulzer Ltd. is an engineering company that was founded in 1834. Headquartered in Winterthur, Switzerland, the company specialises in sustainable pumping, mixing, agitation, application, and separation technologies.

Trinseo

Trinseo was established in 2010 and has its headquarters located in Pennsylvania in the United States. This manufacturing company provides specialty material solutions to other companies in an innovative and sustainability-focussed manner.

Other market players include Procter & Gamble, APK AG, Fraunhofer Society, PS LOOP B.V., PureCycle Technologies, Inc., saperatec GmbH, and OFRU Recycling, among others.